Ask Question
26 June, 13:11

Shay opened a new account and deposited $6000 annually

-the bank pays 5.5% interest compounded annually

-she makes no other deposits or withdrawals

Which amount is the closest to the amount of her account in 5 years

A-$7841.76

B-$7,650

C-$6,330

D-$6,155

+4
Answers (1)
  1. 26 June, 14:04
    0
    Step-by-step explanation:

    amount = simple interest + money deposited

    SI = PRR/100

    SI = (6000*5+5.5) : 100

    = 165000:100

    =1650

    amount = 1560+6000=7650
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Shay opened a new account and deposited $6000 annually -the bank pays 5.5% interest compounded annually -she makes no other deposits or ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers